Learn about Balancer & earn $3 BAL tokens - Coinbase Earn quiz answers

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Coinbase Balancer ($BAL) earn campaign is open since July 23rd.

What is Balancer??

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

Before taking the quiz, make sure to learn about Balancer through the provided short videos. Even though I provide the answers, the whole point is to learn something new.

How to take the quiz?

You first have to sign up to Coinbase and go through the required KYC, make sure to have your ID card or passport next to you. In some cases the verification process can take a few days so be patient.

Once you're all set and that you have been verified, you can now take the quiz to which you will find the answers below. Please let me know if there are incorrect answers.

  1. What can you do with Balancer?
    Trade crypto and invest via Balancer pools
  2. What are Balancer pools?
    Self-balancing crypto portfolios
  3. What is BAL?
    Balancer's governance token

If you successfully complete the quiz, you should receive the $3 BAL tokens as a reward.

Thanks for reading.

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions.

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